Cleanspark, a Bitcoin mining company has announced that it is expanding its operations to Texas. The Texas-based firm now boasts 500 megawatts of renewable energy. The firm has inked a deal with the Houston-based Lancium to initially secure 200 MW of Lancium’s renewable power and has the option to obtain 300 MW more going forward.
Cleanspark Reveals Plans for Expanding to Texas’ Lone Star State. Firm Partners with Texas Energy Firm Lancium
After partnering with Texas’ energy company Lancium, Cleanspark (Nevada) announced plans to increase its renewable power supply to up to 500MW to support bitcoin mining. The announcement’s details explain that Cleanspark will obtain an initial 200 MW from Lancium’s data centers in West Texas and in the future, Cleanspark has the option to acquire 300 MW more from Lancium.
Cleanspark expects 50 MW of bitcoin mining will be operational by the year’s end and by spring 2023, it expects the remaining 150 MW to come online. “After completely using this capacity with the latest generation of bitcoin mining machines, Cleanspark will add an estimated 16.0 EH/s to its current forecasted hashrate of 4.0 EH/s — strengthening its position as one of the top bitcoin miners in North America,” the company’s announcement discloses.
“Our Clean Campuses provide a unique solution that will provide both green and low-cost power for customers that are interruptible and use large amounts of power,” Michael McNamara the CEO and co-founder of Lancium said in a statement. “Beyond the benefits to clients like Cleanspark, we believe the size of our renewably-powered Clean Campuses, when combined with Lancium Smart Response technology, provide additional benefits in terms of enhanced power grid stability and the further development of renewable energy.”
During the last year, concerns about environmental, social, and governance (ESG) criteria in regard to bitcoin’s environmental impact have grown significantly. ESG-friendly bitcoin has been a topic of great concern for individuals, corporations, and bureaucrats in recent years. In particular, the White House and Office of Science and Technology Policy seek public comment on ESG and environmental issues associated with crypto assets.
Cleanspark reports that the company has 22,000 Bitcoin mining rigs dedicated to SHA256 hashrate. The firm also holds 20,000 BitmainS19 devices in the pipeline.
What do you think about Cleanspark’s partnership with the energy firm Lancium? Comment below to let us know your thoughts on this topic.
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